Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• Cantor Fitzgerald raised its price target for Pebblebrook Hotel Trust to $23 from $19, while maintaining a neutral rating; the target implies about 5.7% upside from the current share price.
• Analyst sentiment is mixed but leans to a consensus Hold, with an average price target of $19.17 across 13 ratings.
• Pebblebrook reported a quarterly loss of $0.56 per share, missing the $0.03 consensus estimate, though revenue of $402.75 million exceeded expectations and rose 1% year over year.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price target hoisted by stock analysts at Cantor Fitzgerald from $19.00 to $23.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Cantor Fitzgerald's price objective suggests a potential upside of 5.72% from the company's current price.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their price target on shares of Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, October 26th. Zacks Research upgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 20th. Raymond James Financial boosted their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, September 28th. Finally, Morgan Stanley upped their price objective on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.17.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $21.75 on Tuesday. The company's 50-day moving average is $19.36 and its 200 day moving average is $16.35. Pebblebrook Hotel Trust has a one year low of $10.46 and a one year high of $22.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -24.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.45.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.59). The firm had revenue of $402.75 million for the quarter, compared to the consensus estimate of $393.55 million. Pebblebrook Hotel Trust had a negative net margin of 4.55% and a negative return on equity of 2.73%. Pebblebrook Hotel Trust's revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc bought a new position in Pebblebrook Hotel Trust during the second quarter valued at $36,905,000. Fisher Asset Management LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 236.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,783,865 shares of the real estate investment trust's stock worth $33,465,000 after acquiring an additional 1,254,004 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $18,729,000. Aberdeen Group plc lifted its holdings in shares of Pebblebrook Hotel Trust by 1,719.6% in the 3rd quarter. Aberdeen Group plc now owns 885,875 shares of the real estate investment trust's stock worth $16,619,000 after acquiring an additional 837,189 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Pebblebrook Hotel Trust by 51.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust's stock worth $27,213,000 after purchasing an additional 736,078 shares during the period.

About Pebblebrook Hotel Trust

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.